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Technical analysis by ulrichniederhausser about Symbol PAXG: Sell recommendation (5/7/2025)

https://sahmeto.com/message/3492415
ulrichniederhausser
ulrichniederhausser
Rank: 2602
2.0

Gold. Long-term Elliott Wave Structure.

:Sell
Price at Publish Time:
$3,375.17
Sell،Technical،ulrichniederhausser

I'm showing this beautiful weekly chart since 1971 when president Richard Nixon ended the international convertibility of the US dollar to gold. The path followed by gold since that time, is a text-book Elliott wave structure where long term wave 3 has ended. Wave 4 resides at 900 dollars per ounce.

Source Message: TradingView
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